Pantera Limited Launches Bitcoin ETF in Hong Kong
Pantera Limited, the asset management firm known for its expertise in digital assets, has revealed that its Bitcoin Exchange-Traded Fund (ETF) will commence trading on the Hong Kong Stock Exchange (HKEX) on July 18. This marks a significant milestone as it is the first Bitcoin ETF to gain approval for listing in Hong Kong this year, offering a novel avenue for local investors to engage with Bitcoin.
Key Features of the Pantera Bitcoin ETF
The Pantera Bitcoin ETF is crafted to closely mirror Bitcoin’s price movements, allowing investors in Hong Kong to make trades via their current brokerage accounts. They will have the flexibility to settle transactions in either cash or through in-kind creation and redemption. The ETF seeks to track the CME CF Bitcoin Reference Rate (Asia Pacific Close) as its performance benchmark, which aims to deliver investment returns that are highly aligned with Bitcoin’s value, minus any associated fees. This feature is intended to facilitate efficient direct exposure to the dynamics of the Bitcoin market for its investors.
Pantera’s Commitment to Digital Assets
Pantera distinguishes itself as a forward-thinking asset manager, deeply embedded in both Web3 frameworks and venture capital landscapes. It has secured multiple licenses from the Hong Kong Securities and Futures Commission, covering Type 1, Type 4, and Type 9 regulated activities, thus enabling it to legally offer a range of digital asset services. Drawing on extensive knowledge of global macroeconomic factors, digital property trends, and market forces, Pantera has established a robust digital asset financial ecosystem and a diverse client base.
